682

AGRICULTURAL: RELIEF
allowances having been made for seed, food, and carry-over. (For
instance, the net profit to the producers of wheat for the crop year
1926-27 has been calculated to be $266,737,446, assuming that the
entire crop of 871,691,000 bushels had been marketed. If, say
100,000,000 bushels are used for seed, food, an carry-over, the
equalization fee would be $0.1066 instead of $0.94, and the net
profit would be $226,614,139, instead of $266,737,446.)

Wheat
{From Department of Agriculture}

Crop year *

ODI eee mr mm mo mm te
(024-25 en TT
005-26 a
1926-27

Production

Bushels
91, 797, 381
862, 627, 60C
$32, 305, 00%
871, 691, 00C

Net exports

Bushels
128, 473, 000
251, 915, 000
92, 371, 000
205, 944, 008

Prices.—No. 1 Dark Northern at Minneapolis and No. I Northern at Winnipeg

Y ear 2

923-24 meal
1924-2" emcee
DZD cm ws vir mwas scons
1926-27 - ve eee

; . Net
Minne- |v i i | Equaliza| rofit » Total profit
apolis |\Winnipeg| Tarif | Freight | tion fee | Pbushel

58
65
1.51

"1.00
i)
1 51
1.46

$0.03  $0.034 , $0.171
L03) L154 - .376
03 03a | 276 |
.03 L094 | .306

$140, 148, 364
324, 347, 752
229, 716, 189
26. 737. 446

If the bill had been in operation during the crop year of 1923-24, the wheat
srower would have received the Winnipeg price of $1 plus the tariff of 42 cents
and transportation charges of 3 cents, or a total of $1.45, instead of the Minne-
apolis price of $1.24, a gain of 21 cents per bushel, minus the equalization fee to
cover the discount of 21 cents per bushel on the 128,473,000 bushels exported, or
$26,979,330, to be distributed over 791,797,381 bushels, or an equalization fee of
30.034, a net profit per bushel of $0.177, and a total profit of $140,148,364.

If the bill had been in operation during the crop year 1924-25, the wheat
grower would have received the Winnipeg price of $1.66, plus the tariff of 42
cents and transportation charges of 3 cents, or a total of $2.11, instead of the Min-
neapolis price of $1.58, a gain of 53 cents per bushel, minus the equalization fee
to cover the discount of 53 cents per bushel on the 251,715,000 bushels exported,
or $132,514,950, to be distributed over 862,627,000 bushels, or an equalization
‘ee of $0.155, a net profit per bushel of 37,6 cents, and a total profit of $324,347,752.

The wheat crop for the crop year 1925-26 has been estimated at 832,305,000
bushels and the exports to May 1, 70,000,000 bushels. The wheat grower
would receive, if the bill were in operation, the Winnipeg price of $1.51
plus the tariff of 42 cents and the transportation charges of approximately
3 cents, or a total of $1.96, instead of the Minneapolis price of $1.65,
a gain of 31 cents per bushel, minus the equalization fee to cover the dis-
sount of 31 cents per bushel on the 92,371,000 exported, or $28,635,000, to be
distributed over 832,305,000 bushels, or an equalization fee of 4 cents, a net profit
of $0.276 per bushel, and a total profit of $229,716,180.

The wheat crop for the crop year the crop year 1926-27 has been estimated at
871,691,000 bushels, and the exports at 205,944,000 bushels. Assuming that the
whole crop had been marketed, the wheat grower would receive, if the bill were
in operation, the Winnipeg price of $1.46 plus the traiff of 42 cents and trans-
portation charges of approximately 3 cents, or a total of $1.91, instead of the
Minneapolis price of $1.51, a gain of 40 cents per bushel, minus the equalization
fee to cover the discount of 40 cents per bushel on the 205,944,000 bushels ex-
ported, or $82,377,600, to be distributed over 871,691,000 bushels, or an equaliza-
a ad, a net profit of $0.306 per bushel, and a total profit} of